TriNet Group, Inc. (NYSE:TNET) Receives $67.33 Consensus Target Price from Analysts

Shares of TriNet Group, Inc. (NYSE:TNET) have earned a consensus rating of “Hold” from the six research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $67.3333.

A number of brokerages have recently issued reports on TNET. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriNet Group in a research report on Wednesday, October 8th. Zacks Research raised TriNet Group from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. JPMorgan Chase & Co. lowered their target price on TriNet Group from $75.00 to $65.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Finally, UBS Group dropped their target price on TriNet Group from $69.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th.

Insider Buying and Selling

In related news, SVP Sidney A. Majalya sold 775 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $65.93, for a total transaction of $51,095.75. Following the completion of the sale, the senior vice president directly owned 20,933 shares of the company’s stock, valued at $1,380,112.69. The trade was a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Anthony Shea Treadway sold 2,583 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $66.07, for a total transaction of $170,658.81. Following the completion of the transaction, the senior vice president owned 29,437 shares in the company, valued at $1,944,902.59. This represents a 8.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 9,170 shares of company stock worth $607,886. 37.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TriNet Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. boosted its holdings in TriNet Group by 106.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 445 shares of the business services provider’s stock worth $30,000 after buying an additional 229 shares during the last quarter. Hilltop National Bank acquired a new stake in shares of TriNet Group in the 2nd quarter valued at approximately $43,000. CWM LLC boosted its stake in TriNet Group by 140.5% during the 2nd quarter. CWM LLC now owns 582 shares of the business services provider’s stock worth $43,000 after acquiring an additional 340 shares during the last quarter. Steigerwald Gordon & Koch Inc. acquired a new position in TriNet Group during the third quarter valued at approximately $46,000. Finally, Covestor Ltd grew its holdings in TriNet Group by 402.7% during the third quarter. Covestor Ltd now owns 1,282 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 1,027 shares during the period. Institutional investors own 96.81% of the company’s stock.

TriNet Group Price Performance

TriNet Group stock opened at $56.29 on Wednesday. The business’s fifty day moving average is $64.23 and its two-hundred day moving average is $70.58. The company has a debt-to-equity ratio of 8.36, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $2.70 billion, a P/E ratio of 20.77 and a beta of 0.84. TriNet Group has a 52 week low of $54.33 and a 52 week high of $98.51.

TriNet Group (NYSE:TNET) last released its quarterly earnings results on Wednesday, October 29th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.39. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $261.92 million. TriNet Group had a return on equity of 232.60% and a net margin of 2.64%.The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.17 earnings per share. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. Equities research analysts forecast that TriNet Group will post 3.04 earnings per share for the current fiscal year.

TriNet Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Wednesday, October 1st were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, October 1st. TriNet Group’s payout ratio is currently 40.59%.

TriNet Group Company Profile

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.